Oil becomes cheaper due to the spread of a new strain of coronavirus in the world

The weekly decline in oil prices was recorded for the first time since the week ended October 30.

Oil production in the United States will decrease to 7.44 million barrels per day

The largest drop is predicted for projects in the Permian Basin.

Oil prices rise on optimism for COVID-19 vaccines

The cost of February Brent futures on the London ICE Futures exchange on Friday is $50.34 per barrel.

Brent oil prices are rising

Brent rose to $49.08 despite the largest increase in US inventories since April.

Iran intends to sell more than 2.3 million barrels of oil per day in 2021

This year Iran sold an average of 600 to 700 thousand barrels of oil per day.

Norway accuses Russia and China of spying on its oil sector

The police are confident that people who work or are associated with the oil sector may try to recruit sources of information for intelligence services.

Oil prices in March-July 2020: record highs

The situation with oil prices has not demonstrated stability over the past 4 months.

Oil price dynamics amid a price war between OPEC and Russia

Over the past week, world oil quotations have experienced serious volatility.

Oil price dynamics against the backdrop of tensions in the Middle East

After trading on September 16, the futures of benchmark oil, Brent and WTI increased by 12.4% and 14.7% respectively

Dynamics of oil and gas production in the US, Russia and Saudi Arabia

U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018.